Gambling Personal income types - Franchise Tax Board -

california tax lottery winnings
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When it comes to lottery prizes, the first thing that happens after you turn in that winning ticket and get your lump sum is that the federal

Unlike in the United States, where lottery wins are taxed ^ $ Million Powerball Jackpot Hit, Winning Ticket Sold in California  Unlike in the United States, where lottery wins are taxed ^ $ Million Powerball Jackpot Hit, Winning Ticket Sold in California

guess number lottery California doesn't tax lottery winnings, so there's no state tax bill if the winner lives there However, it could be significant if they bought You are taxed on anything you win, whether it's cash, an item, a trip, or a service Winnings are subject to federal and state income taxes Most tangible